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Sunday, May 22, 2011

Now is a great time to invest in a rental: Low home prices and low interest rates make this a great time to become an investor.

Now is a great time to invest in a rental: Low home prices and low interest rates make this a great time to become an investor.

If you're thinking about investing in a rental property, experts say low home prices combined with low interest rates make this the best time in years to become a real-estate investor.

"We haven't seen home prices this low in so many years, coupled with the rates being so low," says Steve Albin, an agent with Realty Investors LLC / Justlistedknoxville.com in Knoxville. Tennessee. "When the money is cheap to borrow and the houses are cheap to buy, it's absolutely the best time to invest."

Partner with experience. First-time investors should find a real-estate agent experienced in investment property deals who can help you locate promising properties. "Look for relational brokers who expect to do business with you again and therefore are going to be much more careful with what they recommend," Tina Mounger says an agent with Realty Investors LLC / Justlistedknoxville.com.

Whatever you do, understand that buying investment property is an entirely different experience than buying your primary residence. "When you go to buy your own home, you usually have emotions in it," Tina Mounger says. "When you go to buy an investment property, you need to put all that aside and ask, 'What makes sense?'"

Steve ALBIN 865-235-1520 Tina Mounger 865-748-6216 OUR clients know us by our name, and our reputation and our cell phone number The CRS Designation, awarded by the Council of Residential Specialists, is the highest professional designation awarded to Realtors® in the residential sales field. Fewer than 4 percent of all Realtors® nation wide hold the Certified Residential Specialist (CRS) "Only a buyer's agent is obligated to provide complete confidentiality of the buyers personal motives or financial intentions. " Your JustListedKnoxville.com real estate agent is: Technologically literate, A local market expert, Your guide, Your advocate, A lifesaver, Your resource with Turnkey Service and Privacy. We offer you seasoned, professional "Buyer's Brokers".

JustListedKnoxville.com is an alliance of an locally owned, independently operated real estate firm and agents spanning a nine-county marketing area. Alliance Members bring 155 years of continuous real estate service to the community. The alliance shares the area's finest interactive systems and marketing programs offering state of the art consumer centered services... access from anywhere at any time.About US .... JustListedKnoxville.com is an alliance of independent licensed real estate agents and locally owned, independently operated real estate firms and agents with in those firms spanning a nine-county marketing area. Alliance Members bring 76 years of continuous real estate service to the community. The alliance shares the area's finest interactive systems and marketing programs offering state of the art professional consumer centered real estate services... access from anywhere at any time.